Company Overview - Pagaya Technologies Ltd. (PGY) currently holds a Momentum Style Score of B, indicating potential for solid momentum investing opportunities [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong performance expectations [4] Performance Metrics - PGY shares have increased by 9.93% over the past week, while the Zacks Financial - Miscellaneous Services industry has declined by 2.5% during the same period [6] - Over the past month, PGY's price change is 38.85%, significantly outperforming the industry's 1.03% [6] - In the last quarter, PGY shares rose by 55.53%, and over the past year, they gained 39.2%, compared to the S&P 500's performance of -0.52% and 14.2%, respectively [7] Trading Volume - The average 20-day trading volume for PGY is 2,516,988 shares, which is a useful indicator of market interest and price movement [8] Earnings Outlook - In the past two months, two earnings estimates for PGY have been revised upwards, increasing the consensus estimate from $1.73 to $2.45 [10] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, PGY is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a noteworthy candidate for near-term investment [12]
Are You Looking for a Top Momentum Pick? Why Pagaya Technologies Ltd.